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Unaudited Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Crude oil, natural gas, and natural gas liquids sales $ 1,901,788 $ 1,789,621 $ 3,811,631 $ 3,581,341
Gain (loss) on derivative instruments, net 4,729 223,127 (108,465) 605,906
Crude oil and natural gas service operations 20,430 24,243 44,325 43,597
Total revenues 1,926,947 2,036,991 3,747,491 4,230,844
Operating costs and expenses:        
Production expenses 182,677 174,408 371,374 356,394
Production and ad valorem taxes 149,372 141,653 296,499 277,828
Transportation, gathering, processing, and compression 91,451 80,525 199,397 158,394
Exploration expenses 2,980 4,533 7,090 7,911
Crude oil and natural gas service operations 22,715 21,148 49,355 38,980
Depreciation, depletion, amortization and accretion 626,579 550,169 1,259,342 1,026,623
Property impairments 10,124 22,368 22,186 35,442
General and administrative expenses 64,642 55,113 146,924 118,384
Net (gain) loss on sale of assets and other 34,819 (161) 34,532 (347)
Total operating costs and expenses 1,185,359 1,049,756 2,386,699 2,019,609
Income from operations 741,588 987,235 1,360,792 2,211,235
Other income (expense):        
Interest expense (71,825) (105,448) (151,636) (205,129)
Gain (loss) on extinguishment of debt (1,600) 0 (1,600) 0
Other (384,235) 2,905 (381,081) 4,659
Total other income (expense) (457,660) (102,543) (534,317) (200,470)
Income before income taxes 283,928 884,692 826,475 2,010,765
Provision for income taxes (148,535) (193,388) (262,589) (433,144)
Income before equity in net loss of affiliate 135,393 691,304 563,886 1,577,621
Equity in net loss of affiliate (1,305) (495) (2,212) (1,158)
Net income 134,088 690,809 561,674 1,576,463
Net income (loss) attributable to noncontrolling interests (191) (4) 273 1,353
Net income attributable to Continental Resources $ 134,279 $ 690,813 $ 561,401 $ 1,575,110